Buying, selling and operating apartments in Portland

Individual Portland Apartment Sales >$450K – April 2012 | 31 May 2012



Attached is a table of individual Portland-area sales of apartment complexes greater than $450,000 in April 2012. We’ve included $/unit, $/sqft , unit count, year built and CapRate (as reported) and a comparison to April 2011 averages.

There was 1 large transaction of 440 units.   However, they were in the Beaverton area which is almost to the levels of close-in Portland for rental demand and potential for growth.  In April 2011, there were 3 transactions of complexes > 500 units which skewed sales averages.

In general, $/sqft is trending up along with average CapRate trending down.  This is directly related to the strength of the Portland rental market and continuing down/bottoming trend in interest rates.

Sellers – You need to make sure your NOI is the best it can be if you want top dollar and demand.  We can help you:

– Find out where you stand today compared to your competition

– What to work on to increase income

Buyers – A ‘hot” market can be good or bad.  You need to understand what you are buying and have a game plan to make it profitable for you.

Smaller investors are still hesitant, but are coming back into the market. The lure of low interest rates is slowly thawing buyer hesitancy.

If you’d like more information on:

– A comparative analysis of your property vs. your neighborhood with specific comp properties for sale and listed and a rent survey, or

– Analyzing your property to maximize your income to see how you can make more money or get a higher sales price, or

– Details/background on individual sales in the report, or

– Free copy of our 80-page book – Buying, Selling and Operating Apartments Using FInancial Analysis

Please contact me:

Steve Morris – Senior Advisor Multi-Units
Sperry Van Ness – Bluestone & Hockley (503) 970-4593

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